My Canada Payday is a payday loan whereby everything can be done online. If you prefer to speak to someone, then you can apply via the phone as well. You can apply 24 hours a day, seven days a week for this loan, and the application process is usually fairly quick.

They claim that the money can be in your account in as little as 15 minutes, which is pretty quick. You can borrow up to 1,500 Canadian dollars, and for every 100 dollars lent, 23 dollars is payable. So for example, if you borrowed 200 dollars, the payable amount would be 246 dollars.

As with all loans, take note of when your payback date is and how much is due. Also read the terms and conditions thoroughly so that nothing takes you by surprise once you have signed on.